Newmont’s Q1 EPS Soars to $2.90 With $3.1B Cash Flow, $6B Buyback
Newmont reported first-quarter adjusted EPS of $2.90, beating estimates by $0.72, and revenue of $7.31 billion. The gold miner generated a record $3.1 billion in free cash flow and authorized a new $6 billion share repurchase after completing its previous buyback.
1. Q1 Financial Results
Newmont delivered adjusted earnings of $2.90 per share, exceeding the consensus by $0.72, and posted revenue of $7.31 billion. Net income reached $3.3 billion, up from $1.3 billion in Q4 2025, reflecting strong price and volume performance.
2. Record Free Cash Flow
The company generated an all-time record $3.1 billion in quarterly free cash flow, underpinned by an average realized gold price of $4,900 per ounce and production of 1.3 million attributable gold ounces.
3. Expanded Share Repurchase
After fully executing its prior $6 billion buyback—which included $2.4 billion of repurchases since the last earnings call—the board authorized an additional $6 billion repurchase program to further return capital to shareholders.
4. Cost Reduction and Guidance
All-in sustaining costs fell 21% quarter-on-quarter to $1,029 per ounce, aided by higher silver and copper by-product sales. Newmont reaffirmed its full-year 2026 guidance of 5.3 million attributable gold ounces.